1, the global silicone market continues to develop
The silicone industry has a rich and extensive history of growth and advancement. Silicone products are widely available and can be found in every corner of the market. Starting from the invention of the silicone tube in the 18th century to the current thriving state of the silicone industry, this sector has undergone significant development and evolved from simple to intricate processes. It has now reached a stage of flourishing success.
Currently, organic silica gel dominates the global market. Organic silica gel production reached 1.65 million tons in 2014 and has grown to 2.6 million tons in 2019 at a compound annual growth rate of 9.5%. This indicates a significant increase in demand and popularity for organic silica gel in various industries.
The primary component of inorganic silica gel is derived from sodium silicate products. As per the data from 2016, the worldwide sodium silicate market was valued at 9 billion. However, by 2019, this market size had witnessed a growth to 9.6 billion with a compound annual growth rate (CAGR) of 2%.
In 2016, the global organic silica gel market was valued at 15.3 billion. Over the course of three years, by 2019, the market size had grown to reach 18.5 billion, exhibiting a compound annual growth rate (CAGR) of 6.5%. This data highlights the significant expansion and increasing demand for organic silica gel in various industries.
China, as the world's primary production area of silica gel, holds a pivotal role in its manufacturing. The nation's top position in silica gel production showcases its dominance in this industry globally.
Currently, the largest production and sales region for inorganic silicone in the world is China. The size of China's inorganic silicone market represents 59.38% of the global market. The dominance of China in the inorganic silicone industry is evident as it holds the largest share globally.
The production capacity of silicone monomer, which is an essential basic raw material for organic silicone, is mainly concentrated in a few countries including China, Germany, the United States, the United Kingdom, Japan, Thailand, and France. Over the past decade, there has been a shift in the global production of organosilicon towards China, with the country emerging as a major producer of organosilicon monomers. In 2019, China's organosilicon monomer production capacity reached 3.28 million tons, which accounted for 59.42% of the global production capacity, placing China at the top of the list. In comparison, other countries such as Germany, the U.S., the U.K., Japan, Thailand, and France accounted for a smaller share of the production capacity, ranging from 2.54% to 11.96%. These countries collectively contributed to 40.58% of the global production capacity.